LONDON, 6 September 2017 – Demand through BullionVault has added to a surprise rise in platinum investing worldwide reports specialist South African industry site Mining Weekly today.
"Platinum had a strong first half [of 2017] and at the end of July, investment demand had already reached 220,000 ounces," the report quotes Trevor Raymond, research director at the mining-backed World Platinum Investment Council.
"However, WPIC has left the forecast of 250,000 oz for the [whole] year unchanged."
Launched today, WPIC's latest quarterly demand and supply analysis "highlights the direct impact [its own] market development efforts are having," Mining Weekly adds, "with an increasing number of investors using BullionVault's service to add to their vaulted platinum bar holdings."
Read the full article at Mining Weekly here:
Platinum market expected to maintain balance amid continued supply constraints – WPIC
